Dutch state sells another 7% of ABN Amro shares for €1.5 billion

ABN Amro
. ABN Amro (source: wikimedia. org)

The Dutch state sold another 65 million ABN Amro share certificates, about 7 percent of the shares, the bank announced on Wednesday. The sale made the government 1.5 billion euros, ANP reports. 

Following this sale, the Dutch government still holds 63 percent of ABN Amro's shares. The government intends to sell all its shares in the coming years. The next transaction can happen in 60 days at the earliest.

ABN Amro was nationalized during the 2008 credit crisis and returned to the stock exchange in 2015. 

The certificates sold for 22.75 euros a piece, just over 2 percent less than the closing price on Tuesday .

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